The company said it will use the proceeds for its long-term strategic growth plans, including investing in its battery storage business and growing its storage pipeline.
A new Ernst & Young power and utilities overview report shows that utilities and other deep-pocketed investors are putting financial support behind their environmental, social and governance initiatives.
The deal clears a path for Enphase to enter the EV charging market and offer bi-directional charging or vehicle-to-home and vehicle-to-grid applications.
Also on the rise: Costs for all types of solar PV continue to fall, NREL says; and financing is lined up for a solar project near Denver.
Subject to regulatory approval, the electrical wholesale distributor will purchase the PV equipment distributor.
The projects include 6.6 MW in capacity and are the third and fourth acquired by Greenbacker from ReneSola in Maine this year.
Purchased from developer Belltown Power, the two projects are located in Illinois and Kentucky.
In its fourth renewables deal of the year, the Canada-based pension fund vehicle bought Navisun.
The firm paid more than $90 million to Copenhagen Infrastructure Partners for eight solar projects in North Carolina.
Also on the rise: Ohio officials approve more utility-scale solar, SCE will add 2,150 MWh of energy storage, and large format modules are headed for standardization in a move driven by a Chinese trade group.
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